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Turkish tea company Çaykur opens first factory in northern Pakistan

07:56 PM | 17 Apr, 2018
Turkish tea company Çaykur opens first factory in northern Pakistan
ISLAMABAD - Turkey's state-run tea company, Çaykur, has opened a factory in Mansehra, around 200 kilometers from the capital Islamabad.

The company’s chairman, Imdat Sütlüoğluu, along with Yusuf Zafar, the head of Pakistan's Agricultural Research Council, and Farrukh Hamid, the head of Pakistan's National Tea and High Value Crops Research Institute, participated in the opening ceremony.

Calling it a 'small gift' for Pakistan, Sütlüoğlu told the media that the factory would have a daily production capacity of five tons. Although Pakistanis consume a lot of tea, they are importing tea, he said, adding that the idea of opening a factory came from Pakistan itself.

According to official data, Pakistan spent over 23 billion Pakistani rupees (around $220 million) on tea imports during the first six months of 2017. The South Asian country imports tea from 16 countries.

Over the past two decades, the country's tea imports have ballooned over 325 percent.

https://en.dailypakistan.com.pk/business/34-pakistanis-purchase-tea-on-brand-popularity/

Turkey is ready to support Pakistan on tea saplings as well, according to Mr Sütlüoğlu.

After the opening ceremony, high-quality tea saplings brought from Turkey were planted in the factory garden.

Last August, Turkey donated an automatic tea-processing plant to Pakistan to support high-tech tea cultivation.

Çaykur is involved in 38 countries in Europe, 37 in Africa, 15 in Asia, 14 in the Mideast, and six in the Americas.

Çaykur, founded in 1983, is a state-owned enterprise, and its processed-tea products include white, green, black, organic, leaf, and iced tea. It employs more than 10,600 people in its 56 factories.

The writer is a member of the staff.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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